You read it correctly. Electronics Mart India IPO has given a 53% return on its listing day.
Electronics Mart: The fourth-largest consumer durables and electronics retailer in India with a leadership position in South India.
One of the fastest-growing consumers durable and electronics retailers with a consistent track record of growth and industry-leading profitability
The Electronics Mart India IPO has opened at a whopping price of रु90 on its listing date. All the buyers have almost doubled their money in just a span of 10 days.
The bid price for this share is constantly increasing and is expected to reach रु120.
This was the highest return given at the listing date if you compare it with all the IPO opened this year.
All the investors have made healthy profits on their investments using this IPO.
IPO Details:
October 4th-October 7th, 22.
Price Range: रु56 - रु59
Min. Investment: रु14,224.
Lot Size: 254.
Listing Price: रु90
